Landtman Out, Heikinheimo in at STX Finland
STX Finland Oy appointed Juha Heikinheimo as new President of STX Finland Oy. Heikinheimo will replace Martin Landtman. It has been agreed that Mr Landtman steps down from his position with immediate effect. While STX Finland in the last years has built and delivered some of the world’s most magnificent vessels, STX Finland has also experienced low order intake of new vessels, resulting in gradually lower activity level during 2009 and 2010. The Board of Directors of STX Finland therefore believes that it is necessary to make a change in the management. Heikinheimo (53), who will start in his new job immediately, has extensive experience from the shipyard industry and has previously worked for STX Europe’s Cruise & Ferry Business Area in France and Finland for more than four years…
NASSCO, Daewoo Team to Build Jones Act Ships
General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (NYSE: GD), and Daewoo Ship Engineering Company (DSEC), a wholly owned subsidiary of Daewoo Shipbuilding and Marine Engineering (DSME) based in Busan, Korea, announced a formal teaming agreement to build ships for the U.S. market under the Jones Act. The Jones Act, among its many provisions, requires ships that carry cargo between U.S. ports to be built in the United States. Under the agreement, DSEC will provide the detail designs, support services and some of the material necessary for ship production. NASSCO will also procure material and will provide the labor and facilities to construct the ships here.
